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Guideline Value

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Guideline Value for VIKNARAJAPURAM VALLANCHERI (WARD -1)

₹770/sq.ft.

The guideline value for Viknarajapuram Vallancheri (ward -1) in Konathi village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Konathi

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Viknarajapuram Vallancheri (ward -1)

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Viknarajapuram Vallancheri (Ward -1) guideline value

The current guideline value for Viknarajapuram Vallancheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Konathi village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Viknarajapuram Vallancheri (Ward -1) has changed

The guideline value for Viknarajapuram Vallancheri has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the current 2024 revision has further raised it to Rs 770 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value for Viknarajapuram Vallancheri (Ward -1).

Stamp duty and registration fee for property in Viknarajapuram Vallancheri (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Viknarajapuram Vallancheri (Ward -1)?

The Sub Registrar Office that covers Viknarajapuram Vallancheri (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Konathi

The guideline value plays a crucial role during the registration of property transactions in Konathi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to assess the applicable fees, ensuring that the transaction is registered accurately according to the current regulations. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Viknarajapuram Vallancheri?

The current guideline value for Viknarajapuram Vallancheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What are the other streets in Konathi and their guideline values?

Other streets in Konathi include Vijayalakshmi Nagar (Ward-21) at Rs 660 per sq.ft, Vishnupriya Priya Avenue Ninnakarai at Rs 1,650 per sq.ft, and Vgp Mount Mary Town (Ward -1) at Rs 1,100 per sq.ft, among others.

What is the registration fee for property in Viknarajapuram Vallancheri?

The registration fee is calculated based on the guideline value, which for a 1,000 sq.ft property at the current rate would be Rs 15,400 at 2% of the guideline value.

Where can I find the Sub Registrar Office for Viknarajapuram Vallancheri?

The Sub Registrar Office for Viknarajapuram Vallancheri is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II registration zone.